For context, if EL AL actually got it, it would be operating for Sundor, but since their license was suspended in 2011, it would be operating for EL AL and maybe Israir, due to EL AL's interests in it after Sundor was dissolved. But since EL AL recently re-branded their livery, they'll probably announce a secondary retro livery.
This regional airliner might serve routes such as Tel Aviv to Jerusalem, Tel Aviv to Ashkelon, Tel Aviv to Be'er Sheva, and back. Oh and credit to @Yolo_Animates